One Obama Presser, 36 Obama Lies and Deceptions

Obama held a press conference last Friday, July 15 which turned out to be a purely partisan effort to increase taxes and increase the American debt. His speech and the answers he gave to cherry picked questions from the press was fundamentally dishonest: in all I counted three dozen lies, deceptions and misleading statements. Deception 1. "make sure that the United States does not default on our obligations, and that the full faith and credit of the United States is preserved."There is zero risk of a default to the creditors of US debt. The federal government takes in about $170 billion each month in revenues, but pays less than $29 billion each month in interest on the debt. The Bipartisan Policy Center has laid out a plan where the Treasury could pay: all debt interest, all Social Security obligations, all Medicare and Medicaid obligations, all Defense contractor bills, all Veterans payments, all active duty troops; and still have almost $7 billion left over every month for other...(Read Full Article)

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